190
190
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 190
favorite 0
quote 1
return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. f
return and pays taxes, it would cost them about $3,000 a year. you don't get anything for it. lisa jackson has been for a long period of time the head of the epa, obama's epa. i asked her the question live on tv. i said, if we were going to pass this cap and trade, would this lower our co2 emissions worldwide? she said no it wouldn't. the reason it wouldn't she said is this only applies to the united states. this isn't where the problem s. the problem is in china, in mexico, in other countries...
153
153
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers wil
automatic tax cuts and smaller paychecks hang in the balance. american military hero, four-star general known as stormin' norman schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting...
322
322
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 322
favorite 0
quote 0
taxes may not be the only thing going up in the new year from your cell phone to food prices rise. a flightening situation for her mother and daughter. their car. they are lucky to be alive after their car plunges into a freezing lake. we will tell you how they made it out. >> welcome back. 44 after the hour. a mom and daughter lucky to be alive after their car plunged into a lake. people dove in to help. mother and daughter will be just fine as a result. are there some expression that is really annoy you. >> it's like when i had this garden party for my father's birthday, right, i said rsvp because it's a sit down dinner but people came that like did not rsvp so i was like totally bugging. >> according to a survey whatever, like and you know are some of this year's most annoying words and phrases. >> what do you think, heather? >> no surprise there. >> i have another one, nuss say it. >>> pay back may be smaller in 2013. you may be paying more for every day goods that we need. here with a list is diane mac o macedo. >> new study shows things like drought and higher metal prices 20
taxes may not be the only thing going up in the new year from your cell phone to food prices rise. a flightening situation for her mother and daughter. their car. they are lucky to be alive after their car plunges into a freezing lake. we will tell you how they made it out. >> welcome back. 44 after the hour. a mom and daughter lucky to be alive after their car plunged into a lake. people dove in to help. mother and daughter will be just fine as a result. are there some expression that is...
164
164
Dec 28, 2012
12/12
by
KRON
tv
eye 164
favorite 0
quote 0
that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming down with bronchitis. >> a live look at the james lick and traffic is light. it is very cold and we will have
that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming...
513
513
Dec 30, 2012
12/12
by
WRC
tv
eye 513
favorite 0
quote 0
and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell, was spotted at the capital. when asked if they would reach a deal, he told reporters, quote, i hope so. erica? >> many americans hoping so too. >>> david gregory is moderator of "meet the press." good morning. >> good morning, erica. >> you sat down with an exclusive interview with the president. did he seem optimistic to you? >> he says he is optimistic but really preparing to play hardball. his own approach, plan "b," is a small deal to get an extension of the middle class tax cuts and do very little else. the fight over the debt continues into the new year just wee
and allowing taxes to increase on the wealthiest americans. this remains a major sticking point for many republicans. some say a small deal is better than no deal at all but represents a lack of leadership. >> they haven't taken any of the hard measures to bring spending down and reform entitlements and raise more revenues. >> reporter: now, late saturday, negotiators continued to haggle over a number of issues, particularly the issue of taxes. republican leader, mitch mcconnell,...
96
96
Dec 29, 2012
12/12
by
CNNW
tv
eye 96
favorite 0
quote 0
but until now they've done little to agree on tax increases on tax cuts until that time. people in this building have none what's coming on tuesday yet they're only returning to get back to work just now. senate came back yesterday. house members, well, they won't be back until sunday. this afternoon house on senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. bypassing house speaker john boehner, who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority on minority leads are harry reid on mitch mcconnell to work out a deal on then present it to the house. he also laid out a scaled down mini deal if they are can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, i asked senator reid to do this, put a bill on the floor that makes sure that taxes on miedddle class families don' go up, that unemployment is still available for 2 million people on that lays
but until now they've done little to agree on tax increases on tax cuts until that time. people in this building have none what's coming on tuesday yet they're only returning to get back to work just now. senate came back yesterday. house members, well, they won't be back until sunday. this afternoon house on senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. bypassing house speaker john boehner,...
164
164
Dec 27, 2012
12/12
by
FOXNEWSW
tv
eye 164
favorite 0
quote 0
we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information. >> eric: have you contacted them. >> not recently but they know about my piece of legislation we got done in the assembly. >> this story is heating up on the internet, twitter and facebook. gregg ball, thank you very much. >> good to be here. >>> we have to leave it there. i'll see you on the five, 2.5 minutes or so. be right over there. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant special
we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information....
297
297
Dec 25, 2012
12/12
by
MSNBCW
tv
eye 297
favorite 0
quote 1
i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possible, but you've got to remember now, we're just a few days away. >> if no deal is reached over 2 million americans will lose their jobless benefits and workers will see a 2% cut in take home pay as social security payroll taxes go up january 1st. jennifer johnson, nbc news, washington. >> well, around this time of year, there is a big surprise that happens on the rockefeller center ice skating rink outside our news world headquarters. it happens about half a dozen times a day every day. erica hill has the story. >> right outside our doors at rockefeller center, home to the christmas
i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possible, but you've got to...
264
264
Dec 28, 2012
12/12
by
KPIX
tv
eye 264
favorite 0
quote 0
taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless benefits on saturday if a deal isn't reached and the nation's borrowing limit to finance our $16 trillion debt will also be reached on monday. danielle nottingham, cbs news, washington. >>> my own mom at christmas dinner told me do not raise my taxes. >> after a few words of advice at home the bay area's newly elected congressman is about to get a crash course in washington politics. how the young lawmaker thinks he can help what many consider a broken system. ======b r e a k >> on tap for the next 24 hours more rain and i guess some big waves, too right, liz? >> we have a high surf advisory in effect for tomorrow. in the meantime we've got co
taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless benefits on saturday if a deal isn't reached and the nation's borrowing...
123
123
Dec 28, 2012
12/12
by
WRC
tv
eye 123
favorite 0
quote 0
a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state television is reporting the country's navy started training drills in the strait of hormuz. that area sees 20% of the oil pass through it. the state tv report says that the pro
a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner,...
198
198
Dec 25, 2012
12/12
by
KPIX
tv
eye 198
favorite 0
quote 0
only a week left to avoid tax hikes and spending cuts that will impact almost every american. now it appears democratic senate leader harry reid may take the lead in crafting a compromise to avoid tax hikes on at least the middle class which was the president's parting plea. meanwhile here in california leaders are concerned about what could happen if the tax hikes and budget cuts kick in. >> this would undo a lot of the good of the extra taxes californians are willing to invest in the schools. particularly special needs students would be cut by 10% and the meals program that so many of the californias are growing up in poverty and they need that meal. >> some county and city officials are concerned about the potential impact on health and welfare programs. >>> the dreaded fiscal cliff can potentially affect a wide range of health programs. >> cbs news' wyatt andrews explains. >> reporter: professor mallen like hundreds of medical researchers has already fallen off the fiscal cliff. her budget which relies on federal grants is being cut by 10% now. as the nih, the national ins
only a week left to avoid tax hikes and spending cuts that will impact almost every american. now it appears democratic senate leader harry reid may take the lead in crafting a compromise to avoid tax hikes on at least the middle class which was the president's parting plea. meanwhile here in california leaders are concerned about what could happen if the tax hikes and budget cuts kick in. >> this would undo a lot of the good of the extra taxes californians are willing to invest in the...
124
124
Dec 26, 2012
12/12
by
KGO
tv
eye 124
favorite 0
quote 0
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at front and vallejo streets where it looks quiet. if you look back the other way, rain coming in. san francisco heading out here any second the -- let's look at live doppler,
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some...
112
112
Dec 24, 2012
12/12
by
WBAL
tv
eye 112
favorite 0
quote 0
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
149
149
Dec 29, 2012
12/12
by
CNNW
tv
eye 149
favorite 0
quote 0
lower taxes versus more of a social safety net. and every time they come close to a deal, it falls apart because they have this fundamental disagreement about ideas. that's how we got here. they cannot agree on this basic notionation over this idealogical divide in america. >> what happens next? how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the meeting today, but i still would say the odds, the people placing bets in this town still expect that the nation will go over the fiscal cliff. still a little more hope than when we woke up this morning, but no one is counting on being off on new year's eve. >> jessica, thanks. more now on the raw politics with "new york times" columnist raffle, and cornell belcher. the president said he wanted to see a straight up or down vote. as we mentioned, that will happen on monday in the senate. he could lose that up or down vote. >> what you're likely to see is somet
lower taxes versus more of a social safety net. and every time they come close to a deal, it falls apart because they have this fundamental disagreement about ideas. that's how we got here. they cannot agree on this basic notionation over this idealogical divide in america. >> what happens next? how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the...
80
80
Dec 28, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
they pay sales taxes and% income-tax. [talking over each other] >> they pay less than nothing because we get earned income tax credit. dennis: all right, sounds good to me. [talking over each other] dennis: we will cut you down. shibani: the fiscal cliff survival kit is here. the market's jump in and fiscal cliff years. what should you do to protect your money, your portfolio, your sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have you on this friday, big day for the market. all these talks, i noticed movement in bond prices. in the currency market, what is your technical analysis telling you about these? >> the setup seems to be there is winding of speculation. i follow the commitment of traders report every friday afternoon by the cftc and the government and tell you who is on what side of the market so we're looking at speculator is being more of the bullish crowd where commercials or hedgers and these are the traders that are not neutral. they are not speculating.
they pay sales taxes and% income-tax. [talking over each other] >> they pay less than nothing because we get earned income tax credit. dennis: all right, sounds good to me. [talking over each other] dennis: we will cut you down. shibani: the fiscal cliff survival kit is here. the market's jump in and fiscal cliff years. what should you do to protect your money, your portfolio, your sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have...
618
618
Dec 26, 2012
12/12
by
FOXNEWSW
tv
eye 618
favorite 0
quote 1
raise taxes. so without getting too far into the weeds they're trying to find a method to prevent the more dangerous economic issues from taking effect but at the same time reduce the political pressure on those, particularly conservatives who don't want to raise taxes. >> we just lowered your taxes, we let it go up then lowered it so we're the good guys. the question i don't think anybody gets, they're coming back tomorrow. the president, congress is coming back from vacation. and there's not a bill to be had. >> that's right. i think that you step back from there and we in washington say they never come to an agreement at the very end. now we're at the end and they don't have an agreement. americans think are these people knuckleheads, unable to do anything right? it's a tremendous blow to the credibility, particularly of congress, if we go off the fiscal cliff and then go to all these shenanigans to patch something together. >> ken walsh, chief white house correspondent dante for u.s. news and
raise taxes. so without getting too far into the weeds they're trying to find a method to prevent the more dangerous economic issues from taking effect but at the same time reduce the political pressure on those, particularly conservatives who don't want to raise taxes. >> we just lowered your taxes, we let it go up then lowered it so we're the good guys. the question i don't think anybody gets, they're coming back tomorrow. the president, congress is coming back from vacation. and...
134
134
Dec 29, 2012
12/12
by
CNNW
tv
eye 134
favorite 0
quote 0
lower taxes versus more of a social safety net. and every time they come close to an agreement, it falls apart because they have a fundamentally different idea on the issues. they have this divide in america, randy. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets in this town still expect that the nation will go over the fiscal cliff. so still a little bit more hope than what we woke up this morning, but no one is counting on being off on new year's eve. >> randy. >> jessica, thank you, more now on the raw politics, good to see you both. cornell, let me start with you here, the president said he wanted to see a straight up or down vote. as we mentioned that could happen in the senate. we could lose the up or down vote. >> you are going to see something come out of the senate. you have to pay attention to the tone
lower taxes versus more of a social safety net. and every time they come close to an agreement, it falls apart because they have a fundamentally different idea on the issues. they have this divide in america, randy. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets...
143
143
Dec 26, 2012
12/12
by
KOFY
tv
eye 143
favorite 0
quote 0
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at front and vallejo streets where it looks quiet. if you look back the other way, rain coming in. san francisco heading out here any second the -- let's look at live dopplers
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some...
274
274
Dec 28, 2012
12/12
by
WBAL
tv
eye 274
favorite 0
quote 0
with income and payroll tax cuts set to expire monday, taxes would go up for most everyone next week. $110 billion in spending cuts will kick in. and 2 million jobless americans will lose their unemployment benefits. like karen duckett of maryland who hasn't been able to find work since being laid off as a housekeeping manager at a retirement community last year. her unemployment benefits set to end tomorrow. >> this has been the toughest year, probably, in my entire life. >> reporter: duckett, a breast cancer survivor, worries how she'll care for her 14-year-old grandson and has a message for lawmakers. >> remember, these are people. it's not just numbers on a piece of paper. we are actually human beings, suffering out here. >> reporter: and over on capitol hill tonight, nbc's kelly o'donnell reports that the political balance in this, natalie, is critical to get a deal done, to get a deal passed before the deadline, saying that an agreement between republican and democratic senate leaders could give cover to their house counterparts for bipartisan support. by the way, there is one o
with income and payroll tax cuts set to expire monday, taxes would go up for most everyone next week. $110 billion in spending cuts will kick in. and 2 million jobless americans will lose their unemployment benefits. like karen duckett of maryland who hasn't been able to find work since being laid off as a housekeeping manager at a retirement community last year. her unemployment benefits set to end tomorrow. >> this has been the toughest year, probably, in my entire life. >>...
236
236
Dec 27, 2012
12/12
by
FOXNEWSW
tv
eye 236
favorite 0
quote 1
if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legisla
if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican...
132
132
Jan 2, 2013
01/13
by
CSPAN
tv
eye 132
favorite 0
quote 0
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead, republican. >> i just want to say we will never get up this fiscal mess until the democrats understand that you cannot spend more money than you have. families have to live with a so does the country. send it back to the senate's and their them not to pass it, and say happy new year. kreps philip and alabama, independent line. good evening -- philip in alabama. >> the people of this country have created this mess we are in. we are the ones that elected yahoos who are sitting there right now, not accomplishing one thing. we should have stayed out of iraq
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead,...
187
187
Dec 26, 2012
12/12
by
KRON
tv
eye 187
favorite 0
quote 0
without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can see it is at very scattered in this area. the shower is rather berkeley while my creek but they are very light right now. palo alto and east palo alto and the fattal of valley as well use the moderate to heavy rainfall. cupertino, this san rafael, san jose getting a lot of rain this morning. you can see out toward santa clara and downtown san jose looking at very wet conditions. rain coming down up to half an inch an hour but these are fairly fast moving headed to the south east. they will only last a few minutes. this morning scattered showers are likely anyway also experienced some gusty winds. showers are expected to be on the clyde decline at this afternoon. tonight showers will and an
without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can see it is at very scattered in this area. the shower is rather berkeley while my creek but...
128
128
Dec 24, 2012
12/12
by
MSNBCW
tv
eye 128
favorite 0
quote 0
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
81
81
Dec 27, 2012
12/12
by
CSPAN
tv
eye 81
favorite 0
quote 0
accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported -- host: i think we got your point . do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana, with the appropriate warnings and the like, you can make a case for it. when you get addicted to those things like cocaine, it is difficult to get you off of it. much harder than cigarettes and liquor. you have to have gradations. when people get paroled from prison, oftentimes a nuclear weapon. they go back to using drugs. do you throw them in for another five or 10 years? do you let them go? spend a night in jail. there is a lot of gradations on this thing. that debate will be joined. in terms of medical marijuana, there's an element of marijuana that i do not understand they cannot extract that
accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported -- host: i think we got your point . do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana, with...
79
79
Dec 28, 2012
12/12
by
WJLA
tv
eye 79
favorite 0
quote 0
many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve killing on capitol hill is a rallying cry to put more police on the streets in city neighborhoods. his comments come days after jason emma was shot while parking his car in the 1200 block of c street northeast. police are looking for the gunman. vincent gray plans to pressure the d.c. council to approve plans for additional police officers. four young suspect under arrest in connection with a carjacking in manassas. wednesday night, a 12-year-old boy and a 14-year-old boy each hold a hand gun style begun from a business at the manassas mall. then they walked to a nearby neighborhood and carjacked a man and his wife who had just parked their chevy tahoe. >> the guns mwere pointed at you and your wife? >> yes. >> the boys picked up from friends, including a 13-year-old girl, who drove the truck to a mcdonald's. police found them in the drive- through line. the driver jumped out of the car.
many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve killing on capitol hill is a rallying cry to put more police on the streets in city neighborhoods. his comments come days after jason emma was shot while parking his car in the 1200 block of c street northeast. police are looking for the gunman. vincent gray plans to pressure the d.c....
90
90
Dec 27, 2012
12/12
by
CSPAN
tv
eye 90
favorite 0
quote 0
that is why the bush tax cuts are about to expire. the same is true of the so- called the sequester. it is an across-the-board cut of $1.20 trillion focused on domestic spending, it was put in place to provide leverage to the special committee that was supposed to resolve these matters and it was supposed to be the sword of damocles that if they did not reach an agreement to sequester would drop and there would be an across-the-board cut. no distinctions, no prioritization. just cut across the board. and guess what? the special committee could not reach an agreement on an overall fiscal plan. so this sword of damocles is about to drop and put into place a policy no one thought was a good one. >> what is congress' role in this? >> i opposed it. i said this was going to lead to trouble. i laid out where i thought it would ultimately leave us, and he we are. here we are. somebody said to me today, don't you sometimes feel like, i told you so? it doesn't do any good. i wish alan greenspan would have listened to my advise what i said to hi
that is why the bush tax cuts are about to expire. the same is true of the so- called the sequester. it is an across-the-board cut of $1.20 trillion focused on domestic spending, it was put in place to provide leverage to the special committee that was supposed to resolve these matters and it was supposed to be the sword of damocles that if they did not reach an agreement to sequester would drop and there would be an across-the-board cut. no distinctions, no prioritization. just cut across the...
206
206
Dec 28, 2012
12/12
by
KTVU
tv
eye 206
favorite 0
quote 0
it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had several record setting days including cyber monday when customers ordered 26 and a half million products. they won't give exact numbers but say sale of the kindle d
it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink...
134
134
Dec 27, 2012
12/12
by
KRON
tv
eye 134
favorite 0
quote 0
americans' taxes are approaching the wrong direction. come the first of this year, americans will have less income they have today. if we go over the cliff, it looks like that is or where headed. the house of represent is as we speak has four days left after today. they are not here. the speaker has not told in the they have 48 hours notice. >> if i cannot imagine their consciousness. we are here trying to get something done. >> if nothing is done the bush era tax-cut expire at the end of the year. plus a 2% payroll tax how they will expire as well. >> the american family will release 4% more their paycheck to taxes if no deal is reached by the end of the year. >> also sharp spending cuts will kick in. >> we have >guidner warning about the u.s. debt ceiling- to-timothyguidnr. >> white house as president obama has made several phone calls to congressional leaders to talk about the fiscal cliff. >> the present call harry reid as well as house speaker john baker, senate republican leader mitch mcconnell and house democratic leader nancy pel
americans' taxes are approaching the wrong direction. come the first of this year, americans will have less income they have today. if we go over the cliff, it looks like that is or where headed. the house of represent is as we speak has four days left after today. they are not here. the speaker has not told in the they have 48 hours notice. >> if i cannot imagine their consciousness. we are here trying to get something done. >> if nothing is done the bush era tax-cut expire at the...
792
792
Dec 26, 2012
12/12
by
WBAL
tv
eye 792
favorite 0
quote 0
taxes now. there are a couple of guidelines. you don't have to convert your entire ira account. a lot of people think you do. you can convert just a portion. you only want to convert the portion that you have the money on the side to pay those taxes. you don't want to be pulling money out of your ira to pay taxes on a roth conversion. if you decide in the coming year that you don't like the fact that you did this, you can unwind it up till october. >> a lot of people have flexible spending accounts. how do i handle that one? >> some companies give you till march. some only give you till the end of the year. if it's the end of the year, it's use it or lose it money. you buy contact lenses, get new glasses. you go to drugstore.com which actually has this very nifty fsa store of all the sort of things you can buy over the counter and they're running a 15% coupon. >> one i hadn't thought about is medical insurance. if you have already used the deductible for 2012, might be a good idea to sneak in an
taxes now. there are a couple of guidelines. you don't have to convert your entire ira account. a lot of people think you do. you can convert just a portion. you only want to convert the portion that you have the money on the side to pay those taxes. you don't want to be pulling money out of your ira to pay taxes on a roth conversion. if you decide in the coming year that you don't like the fact that you did this, you can unwind it up till october. >> a lot of people have flexible...
221
221
Dec 26, 2012
12/12
by
FOXNEWSW
tv
eye 221
favorite 0
quote 0
tax base. the numbers are sort of come complex. when the bush tax cuts went into effect fewer people had an income tax liability. this is what mitt romney was talking about last year with the 47%. if the tax rates increase you all of a sudden have more people paying income taxes and you just have a broader, higher rate to play with. next year when they come back they can get rid of some of the duck -ts and what not and lower the rates and overall have a lot more money in the system to play with, a lot more options. they think they are better shape for tax reform if they come back next year with the rates having gone up. >> reporter: and by not allowing the president to just add nah see um raise the debt level, they have leverage, don't they? >> they believe so. and the president -- it's safe to say the president realizes that, because he's been insistent throughout that he won't deal with another debt level gamesmanship as he calls it from the last time around. he understands that republicans s
tax base. the numbers are sort of come complex. when the bush tax cuts went into effect fewer people had an income tax liability. this is what mitt romney was talking about last year with the 47%. if the tax rates increase you all of a sudden have more people paying income taxes and you just have a broader, higher rate to play with. next year when they come back they can get rid of some of the duck -ts and what not and lower the rates and overall have a lot more money in the system to play...
348
348
Dec 27, 2012
12/12
by
CNNW
tv
eye 348
favorite 0
quote 2
all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and obama care taxes hit, meaning a 0.9% jump in the medicare payroll tax for those earning $200,000 or more. but what about the house of representatives? they left town after republicans failed to bring a vote on their own plan b last week. ohio republican congressman steve latourette seems kpas rat -- kpas rated about all of this. you're on your way out and you repudiated the norquist pledge which you signed back in 1994. tell me why? >> well, i repudiated it because, listen, it's not 1994 anymore. the world has moved on. we have the euro, we've had september 11th, a lot of things have happened. and quite frankly, this calls for a big solution. it ca
all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and obama care taxes hit, meaning a 0.9% jump in the...
196
196
Dec 26, 2012
12/12
by
CNNW
tv
eye 196
favorite 0
quote 1
the tax rate. no matter what it is on the rich or not on the rich will not solve the big huge impending doom. >> that's right exactly right. you said it. the latest proposal from the president, of course, did not have the kind of long and short-term and mid term spending reform that we need. the federal government right now is it as we all know, spending more than a trillion dollars year upon year since the president took office, more than a trillion over budget year upon year. that has to stop. >> and you are putting faith in harry reid to come back with some proposal that will meet that in the next six days? where are you? >>ist a good question. senator reid without the past two years has not worked in -- in any very productive way with the house majority. and we do in the house represent the american people, at least as much as the senate majority does and we do need to work together and you are right. we have had roadblocks and obstructions and ignoring the bills we sent over time and time agai
the tax rate. no matter what it is on the rich or not on the rich will not solve the big huge impending doom. >> that's right exactly right. you said it. the latest proposal from the president, of course, did not have the kind of long and short-term and mid term spending reform that we need. the federal government right now is it as we all know, spending more than a trillion dollars year upon year since the president took office, more than a trillion over budget year upon year. that has...
265
265
Dec 24, 2012
12/12
by
KGO
tv
eye 265
favorite 0
quote 0
>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in afghanistan. for the first time ever, a female officer is the one who opened fire. an afghan policewoman shot and killed a u.s. military adviser just outside the police head quarters in kabul. >>> vietnamese fishermen rescued a florida man on a disabled yacht. he and three others were towing the yacht from the philippines when the tow rope broke. >>> a senator from idaho is apologizing this morning after he was arrested over the weekend for driving drunk. mike crapo has said previously he does not drink. >>> there's no evidence this morning we don't feel good about the economy. a new abc news/"washin
>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in...
270
270
Dec 25, 2012
12/12
by
CNNW
tv
eye 270
favorite 0
quote 0
tax cuts as opposed to before january 1st, they'll have to take a vote on tax increases? >> well, i think the president is keenly aware of the fact that going over the cliff, the so-called cliff without a congressional solution is not good for average americans. so i think he'll do everything to avoid it. he's coming back early from that short trip to hawaii. but i think that that clip you played from mr. norqist is really an important observation that we can see from that clip. he's talking about a long struggle about taxes and entitlements but right now, what it comes down to is -- will the republicans support legislation right now in these next seven days which are going to protect -- which would protect average americans from the real hardships that might be imposed upon them if we do nothing? or if they're not -- if republicans won't support this immediate legislation, will they, you know, will they make everyone be held hostage to their tax pledge to grooefr norqist? this is one man who is set on no new taxes on millionaires or on anybody and if the republicans hold
tax cuts as opposed to before january 1st, they'll have to take a vote on tax increases? >> well, i think the president is keenly aware of the fact that going over the cliff, the so-called cliff without a congressional solution is not good for average americans. so i think he'll do everything to avoid it. he's coming back early from that short trip to hawaii. but i think that that clip you played from mr. norqist is really an important observation that we can see from that clip. he's...
202
202
Dec 26, 2012
12/12
by
FOXNEWSW
tv
eye 202
favorite 0
quote 0
minimum tax. there is an entire set of taxes that there are two methods of tax. if you're doing that, you're in a lower tax rate and certain things are not deductible for the alternative minimum tax. you can't deduct state income taxes or real estate taxes. so you really need to run the numbers for both years, look at some of the rate changes that you are going to know about, such as 3.8% investment income, medicare tax and other things, then make those decisions. >> gretchen: unfortunately, we don't know exactly what tax rate anyone is going to have because we still are in the fiscal cliff thing. you do recommend prepay state income taxes? >> if you're not in the amt, prepay state income taxes, prepay real estate taxes because you can get deductions. if you're deciding you want to save tacks for 2012. >> gretchen: prepay your 2013 mortgage so it can be included in 20 is it -- 2012. >> you can't pay your february one, but you can pay your january one because it's interest in december and you can g
minimum tax. there is an entire set of taxes that there are two methods of tax. if you're doing that, you're in a lower tax rate and certain things are not deductible for the alternative minimum tax. you can't deduct state income taxes or real estate taxes. so you really need to run the numbers for both years, look at some of the rate changes that you are going to know about, such as 3.8% investment income, medicare tax and other things, then make those decisions. >> gretchen:...
225
225
Dec 26, 2012
12/12
by
FOXNEWSW
tv
eye 225
favorite 0
quote 0
this is the average tax hit families will take on top of what they already pay in taxes. so those who make below 10,000 will pay an average of about $300. going to the bottom level there, those who make between 40 and 50,000, they will have to pay an extra $1700 on average. looking at next set of numbers for wage earners. 50 to 75,000, they will have to find an extra $2300 to send to washington. if you managed to make over $200,000 on the income mark it will be a big jump up, send a check to uncle sam for on average, about 14 thou additional dollars. and the highest wage earners, here are those numbers. if you make between $500,000 to a million, you will pay on average $34,000 more. and if you make over a million, the irs will want $216,000 additional dollars from you on top of what you already pay in taxes. one financial advisor tells fox that the uncertainty of it all is making families less willing to spend money before or after christmas and it is making businesses less willing to hire new employees. kelly? kelly: that is the uncertainty we've been talking molly. my f
this is the average tax hit families will take on top of what they already pay in taxes. so those who make below 10,000 will pay an average of about $300. going to the bottom level there, those who make between 40 and 50,000, they will have to pay an extra $1700 on average. looking at next set of numbers for wage earners. 50 to 75,000, they will have to find an extra $2300 to send to washington. if you managed to make over $200,000 on the income mark it will be a big jump up, send a check to...
458
458
Dec 27, 2012
12/12
by
WBAL
tv
eye 458
favorite 0
quote 0
he's hoping to avert deepening spending cuts and higher taxes. both parties appear to be daring eacher to let the year end without a deal. treasury secretary tim geithner says he will be taking steps tomorrow to prevent the government from hitting its borrowing limit on monday. >>> toyota announced a billion dollar settlement over acceleration problems and will install a brake override system and compensate owners for the alleged reduced value of their cars and trucks. >>> for what's trending today, a quick look at what has you talking online. he's only rock'n roll, but she likes him. actress kate winslet married british tycoon. and singer janet jackson's engagement to her bit of of two years, a businessman, set for a wedding in the spring in qatar. >>> if you shout max in a dog park, the top female and male dog names followed by buddy. and they're in and old classics like rover are out. good morning. center traffic guy bob hurt zog is going viral with his dance antics. >> you can't go that way. ♪ ♪ try to get to work on time i'm just the man
he's hoping to avert deepening spending cuts and higher taxes. both parties appear to be daring eacher to let the year end without a deal. treasury secretary tim geithner says he will be taking steps tomorrow to prevent the government from hitting its borrowing limit on monday. >>> toyota announced a billion dollar settlement over acceleration problems and will install a brake override system and compensate owners for the alleged reduced value of their cars and trucks. >>> for...
158
158
Dec 26, 2012
12/12
by
KTVU
tv
eye 158
favorite 0
quote 0
congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that when i see you next. live in washington. >> oil prices started edging up arch the president announced he would return from vacation early so he could work on fiscal cliff negotiations. crude oil sells for almost $91 a barrel up nearly two dollars a barrel. it's expected to increase as hope rises that a budget deal can be reached before the deadline and that could keep the economy growi
congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off...
165
165
Dec 28, 2012
12/12
by
KRON
tv
eye 165
favorite 0
quote 0
many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months, with a total home dvr included free for life. plus, add hbo and cinemax and get the first three months free. [ male announcer ] with u-verse tv, you can record four shows at once with the total home dvr that lets you play back, pause, or rewind your shows from any room. get over 170 hd channels. that's more than cable. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months, with a total home dvr included free for life. plus, add hbo and cinemax, and get the first three months fr
many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to...
181
181
Dec 25, 2012
12/12
by
CNNW
tv
eye 181
favorite 0
quote 0
we're now just seven days away from tax hikes for pretty much all americans. spending cuts that could break millions of families' budgets, and it could launch the economy back into a recession. president obama spent christmas eve playing golf with friends in hawaii, and right now the senate looks like the last hope for neglect getting past the fiscal krif. want to go to the white house correspondent briana keilar who is traveling with the first family in honolulu. any discusses at all that you're hearing from from sources in either party right now? >> reporter: some discussions, but they are not really surprising ones, dana right now we understand that the white house is talking with senate democrats, and this is exactly what you would expect ahead of the senate reconvening on the 27th when it's really up to senate majority leader harry reid to try to figure out some sort of measure that can get some republican support in the senate and some republican support in the house in the hopes of averting the fiscal cliff. this is really a bit of a last-ditch effort,
we're now just seven days away from tax hikes for pretty much all americans. spending cuts that could break millions of families' budgets, and it could launch the economy back into a recession. president obama spent christmas eve playing golf with friends in hawaii, and right now the senate looks like the last hope for neglect getting past the fiscal krif. want to go to the white house correspondent briana keilar who is traveling with the first family in honolulu. any discusses at all that...
470
470
Dec 26, 2012
12/12
by
CNNW
tv
eye 470
favorite 0
quote 0
taxes because these are tax deferred accounts. >> okay, so probably safe to say don't touch them but how can you avoid the knee-jerk reactions when you see you're losing so much money? >> we've seen it. in 2009, the sky is falling, chicken little and everything's going wrong and we can't seem to, we want to jump out of the market. those in 2009 missed a 130% return in the market because they dived out at the bottom. we don't want to be a part of the individuals who as we want to buy, we want to buy low and sell high and that might be an old cliche but it works. what a lot of individuals are trying to do, they're doing is i want to sell, get rid of the risk and jump out because the fiscal cliff seems too much to take. this is one small blip in a long-term scheme of investment strategy. five plus years we should be looking at, not just a few months time span that's caused by political agenda. our economic agenda and fiscal house says let's not make any rash decisions and do some things that we'd look back on and say i missed a lot of good return. >> all right, thank you so much, ryan m
taxes because these are tax deferred accounts. >> okay, so probably safe to say don't touch them but how can you avoid the knee-jerk reactions when you see you're losing so much money? >> we've seen it. in 2009, the sky is falling, chicken little and everything's going wrong and we can't seem to, we want to jump out of the market. those in 2009 missed a 130% return in the market because they dived out at the bottom. we don't want to be a part of the individuals who as we want to...